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Vaughn Manufacturing is purchasing new equipment with a cash cost of $313000 for an assembly...

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Accounting

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Vaughn Manufacturing is purchasing new equipment with a cash cost of $313000 for an assembly line. The manufacturer has offered to accept $68600 payment at the end of each of the next six years. How much interest will Vaughn Manufacturing pay over the term of the loan? O $411600. o $98600. o $68600. o $313000

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